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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
APRIL 18, 2024
Date of Report (date of earliest event reported)
Beyond, Inc.
(Exact name of Registrant as specified in its charter)
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| Delaware |
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000-41850 |
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87-0634302 |
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(Commission File Number) |
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(I.R.S. Employer |
| incorporation or organization) |
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Identification Number) |
799 W. Coliseum Way
Midvale, Utah 84047
(Address of principal executive offices)
(801) 947-3100
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: |
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
| Common Stock, $0.0001 par value per share |
BYON |
New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events
On March 31, 2024, Beyond, Inc. (the “Company”) entered into an asset purchase agreement to sell the Wamsutta brand and certain related intellectual property assets (the “Wamsutta IP”) to Indo Count Global Inc. for a total sale price of $10,250,000 in cash plus the assumption of certain liabilities. On April 18, 2024, the Company closed the transaction and received the $10,250,000 cash proceeds. The Company had acquired the Wamsutta IP in June of 2023 as part of its purchase of the Bed Bath & Beyond brand and associated intellectual property for a total purchase price of $21.5 million. With the sale of the Wamsutta IP, the Company has successfully recovered approximately 48% of its $21.5 million purchase.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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Exhibit No. |
Description of Exhibit |
104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
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| Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. |
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BEYOND, INC. |
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By: |
/s/ E. Glen Nickle |
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E. Glen Nickle |
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Chief Legal Officer |
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Date: |
April 18, 2024 |
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